Bulls like any other animal is colour blind & reason for attacking could be -we irritate bull by waving the red cloth or wearing red ourself & moving left & right frequently.
So, you realise bulls are not our enemy - emotions are. Leaving this topic for all of us to ponder over the Sunday, let us move into analysis.
Hope we trade & make decisions leaving emotions out.
Why do I give key levels - is it just for fun no- That is a level which has been determined because it must have acted as an important level in prior sessions.
In last week's session, 455-456 zone acted twice as important resistance & prices were not able to cross that zone convincingly so, taking a long position even after knowing that it is facing hurdle in the zone - as a trader you are inviting trouble.
One has to read between the lines - smart trader should have taken sell because risk is small 2-4 points & gaining maximum out of the trade being in the sell camp.
Zone of 454-456 is an important zone & TechM moving above that zone only will open new zone on upside.
This update was done to show the importance of levels. In this case it was 457-455 double top zone.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
" Zone of 454-456 is an important zone & TechM -0.83% moving above that zone only will open new zone on upside."
suggesting long above that :D
But what I am putting forward is seems weak for very short term. and may take time to cross those levels on the upside again.